Eni Next

Eni Next LLC is a wholly owned subsidiary of Eni SpA, the Italian integrated energy major. It functions as Eni's dedicated corporate venture capital arm, operating out of Boston to invest in startups that align with Eni's decarbonization and energy-transition goals. Its investments are tied directly to Eni's balance sheet.

Clara Andreoletti is the President and CEO of Eni Next. She leads the firm's investment strategy and operations from its Boston office, directing capital into early-stage companies. Her mandate connects startup potential to Eni's strategic, industrial-scale decarbonization needs.

A primary sourcing channel is the MIT Energy Initiative (MITEI), where Eni is a founding member. This relationship gives Eni Next exposure to research-stage energy companies. The firm also works in synergy with Eniverse Ventures, Eni's corporate venture builder, to identify and develop technologies.

Eni Next primarily pursues direct corporate venture capital investments from Eni's balance sheet. However, the firm also participates in managed fund structures, evidenced by the Luxembourg-domiciled Eni Next - Azimut Energy Tech Fund. This suggests a blended approach of direct stakes and structured vehicles, often alongside co-investors like Intesa Sanpaolo's Neva SGR.

Eniverse Ventures is Eni's corporate venture builder, which works in synergy with Eni Next. While Eni Next focuses on minority investments in external startups, Eniverse builds new ventures from Eni's internal technologies and expertise. Together, they form Eni's dual-channel corporate innovation framework.